Examples of VFCC Agent in a sentence
In performing its functions and duties hereunder, the VFCC Agent shall act solely as agent for VFCC and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Seller or any of its successors or assigns.
The VFCC Agent shall not be deemed to have knowledge of any Unmatured Termination Event, Termination Event or Servicer Default unless the VFCC Agent has received notice from the Seller or a Secured Party.
The VFCC Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.
VFCC expressly acknowledges that neither the VFCC Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the VFCC Agent hereafter taken, including, without limitation, any review of the affairs of the Seller, shall be deemed to constitute any representation or warranty by the VFCC Agent.
The VFCC Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.
The VFCC Agent shall not be required to take any action that exposes the VFCC Agent to personal liability or that is contrary to this Agreement or Applicable Law.
The VFCC Agent shall not be under any obligation to VFCC to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Seller.
The appointment and authority of the VFCC Agent hereunder shall terminate at the indefeasible payment in full of the Aggregate Unpaids.
Notwithstanding the resignation or removal of the VFCC Agent, Wachovia, as Hedge Counterparty, shall continue to be a Secured Party hereunder.
VFCC hereby designates and appoints WCM as the VFCC Agent hereunder, and authorizes the VFCC Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the VFCC Agent by the terms of this Agreement together with such powers as are reasonably incidental thereto.